Is Fort Worth(Crowley) a good place to invest? Home appreciation?

[Neel Shetty]

I was planning to invest in Austin Sub Urban Areas (Georgetown, Manor, Leander, Liberty Hill, Hutto). But I didn't get any new house, price around $350K for investors. Now I am thinking about Dallas area. In Fort Worth (Crowley ) area, I see some new houses around $350k. I am not sure whether these are for investor or not.

Is Fort Worth (Crowley ) a good place for investment? I am sure, I will not be able to make money from Rental. Does anyone have any idea on home appreciation?

I see, there are same size, 5/10 years old homes, price around $300k. If price difference is around $50k in between same size new home and old home, which one should I pick for investment? Thanks.

[Andrew Postell]

@Neel Shetty thanks for posting.  You can certainly post in this forum but I will admit that the city specific forums don't get as much traction as the "state" specific forums.  Try Texas forum next time if you like. You do have some good responses above but I want to provide some additional information if you don't mind.

Fort Worth (Crowley) or any town/suburb in the Dallas-Fort Worth metro area show good numbers within some specific evaluations:

• 3 Bedroom, 2 Bath
• Single Family
• Not to exceed value of $250k
• Within 50 miles of I-35

The most important element here is the value.  The rental values of homes are the critical piece of the equation.  For example, if you target one $400,000 home your monthly rent will be around $3,000 per month?  Something close to that.  But two $200,000 homes will rent for $3,500 per month (or so).  Buying lower valued homes will allow you to cash flow better.  And that's the trick here.  You can certainly buy $300k if you want to of course, but buying a home of $225,000 will have a better % of rent income compared to the value of the home.  And if you buy a lower value, that's less out of pocket.  So your "cash-on-cash" numbers work better as well.

I hope this makes sense how I am describing it but feel free to post anything else if you need.  Thanks!